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Last week, the Shanghai municipal government ordered people arriving in the city from 24 heavily-hit countries where they lived or traveled within the past 14 days to undergo 14-day quarantine at home or designated places.

Pledging more support, Xi also suggested that the two countries continue to exchange experience in COVID-19 prevention and control as well as diagnosis and treatment via such means as video conferences of experts.

Unfortunately, false hope is as dangerous as it is paralyzing. Over 1 million people have been infected with the virus in the country so far, and more than 30 million Americans have applied for unemployment benefits since the epidemic forced widespread business closures.

China will implement more proactive fiscal policies with higher quality and efficiency, appropriately increase the fiscal deficit ratio, issue special government bonds, increase the scale of special bonds for local governments, and further cut taxes and fees, the MOF said.

"Tackling the economic impact of the outbreak abroad is a pressing task. With the tight containment measures introduced across countries, foreign trade and investment are persistently going downward," Li said.